Title
Amending the 2025 Saint Paul Regional Water Services budget resulting in an increase in spending and financing of $12,000,000 for additional funds for the McCarrons Water Treatment Plant project.
Body
WHEREAS, in its 2021 budget, the Board of Water Commissioners authorized spending for the construction phase of the McCarron’s Water Treatment Plant Improvement Project; and
WHEREAS, the 2021 Adopted Budget included financing and spending amounts for the construction phase of the McCarron’s Water Treatment Plant Improvement Project in the amount of $51,000,000; and
WHEREAS, the 2022 Adopted Budget added an additional $116,000,000 of funds to the construction phase of the McCarron’s Water Treatment Plant Improvement Project budget; and
WHEREAS, the Board of Water Commissioners also adopted RES 22-732 and RES 20-1888, which respectively added an additional $58,000,000 and an additional $4,600,000 of funds to the construction phase of the McCarron’s Water Treatment Plant Improvement Project budget; and
WHEREAS, an additional $12,000,000 of budgetary authorization is needed to ensure that adequate funds are available to complete the construction phase of the project in its entirety; and
WHEREAS, this additional $12,000,000 will be funded by additional debt issuance; and
WHEREAS, the Board of Water Commissioners of the City of Saint Paul adopted its 2025 budget in October 2024; and
WHEREAS, at it’s February 18, 2025, meeting the Board of Water Commissioners approved RES 25-297 recommending approval of the amendment to the 2025 Adopted Budget; therefore, be it
RESOLVED, that the City Council of the City of Saint Paul, upon recommendation of the Mayor does hereby recommend amendment to its 2025 Adopted Budget, resulting in an increase of spending and financing in the amount of $12,000,000, resulting in an amended 2025 Budget of $210,697,000, resulting in an amended total Project Budget of $241,600,000, for the construction phase of the McCarron’s Water Treatment P...
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